Ripple XRP/USD close the trading week at 0.3283 and continue to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.3850. Where once again we should expect a rebound and the continuation of the decline of cryptocurrency in the region below the level of 0.2250.
Ripple Forecast and Analysis XRP/USD January 14 — 18, 2019
In favor of the fall in XRP/USD quotes in the current trading week of January 14 — 18, 2019, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the option of falling Ripple cryptocurrency will be a strong growth and the breakdown of the 0.4600 area. This will indicate a breakdown of the upper boundary of the channel and the continued growth of XRP/USD quotes. A confirmation of the decline in cryptocurrency will be the breakdown of the lower boundary of the ascending channel and the closing of quotes below the level of 0.3050.
Ripple Forecast and Analysis XRP/USD January 14 — 18, 2019 involves an attempt to test the resistance level near the area of 0.3850. Where can we expect the continuation of the fall in quotations with a potential target at the level of 0.2250. An additional signal to reduce Ripple will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall of the cryptocurrency will be the breakdown of the 0.4600 area. This will indicate continued growth.
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